Tag Archives: business realignment

It has taken months of work, but PriceWaterhouseCoopers Aarata LLC (PwC) has finally signed off on Toshiba Corporation’s financial results for fiscal 2016 and the first quarter of fiscal 2017. This means that Toshiba has most likely avoided being delisted from the Tokyo Stock Exchange—for now. Toshiba’s shares have already been demoted to the second section

On July 28, Ricoh Company announced its financial results for the first quarter of the fiscal year that will end on March 31, 2018. Ricoh would very much like its first quarter to mark a fresh start, its first step on its path to a turnaround. As the yen weakened slightly compared to last year

HP is undergoing an evolution as a printer manufacturer. It may still offer one of the broadest printer hardware portfolios in the industry, but as HP looks to spend less on declining segments and to spend more to grow in healthier segments where it has less market share, HP has been making some changes in

Another day, another chapter in Toshiba’s ongoing fight for survival. Last week, Toshiba missed a self-imposed deadline to agree to a bid for its flash memory chip unit and filed litigation against Western Digital for interfering in the bid process (see “Toshiba Misses Deadline on Chip Unit Sale Agreement, Files Litigation against Western Digital”). This

On June 28, Toshiba executives showed up empty-handed to an annual shareholders meeting and faced angry investors expecting to see a signed deal on the sale of the company’s chip unit. “Once again, I apologize deeply from my heart for causing so many problems,” Toshiba’s chief executive, Satoshi Tsunakawa, told hundreds of shareholders in Tokyo,

Last year, when Xerox announced its plan to divest its Business Process Outsourcing (BPO) unit and split into two companies (see “Xerox to Split in Two” and “Xerox and Conduent Ring in New Year as Two Independent Companies”), it became clear that Xerox would be focusing on its core printer business moving forward. This week,

Toshiba Corporation just can’t catch a break. The enormous Japanese conglomerate is struggling with accounting issues that have prevented it from filing audited financial results, billions of dollars in losses stemming from its bankrupt-U.S. nuclear unit, potential delisting from the Tokyo Stock Exchange, and the urgent need to sell its prize memory chip division. When

Ricoh Company said last week that it is reviewing a number of initiatives to reverse the company’s steep slide in sales and profits, but it denied news reports that it has decided to sell two of its subsidiaries. On June 9, Nikkei Asian Review reported that Ricoh is looking for buyers of subsidiary companies Ricoh

On May 26, OKI Electric Industry Co., Ltd. held a meeting to discuss its new mid-term business plan through fiscal-year 2019. OKI’s president, Shinya Kamagami, says the top priority of the plan is to “reinforce earning capacity in order to be a company that can secure stable profitability with a view to establishing a foundation

Just three weeks after reporting its year-end results for fiscal 2016 (see “Turbon Closes Books on Weaker-Than-Expected Fiscal 2016”), Turbon AG reported its financial results for the first quarter of 2017, which ended on March 31. Turbon is facing some challenges in its traditional laser supplies business. Turbon grew the U.S. segment of this business